Can I retire at age 59 with 484,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$39,968$39,612$39,265$38,926$38,595$38,352
2 years$19,786$19,418$19,061$18,714$18,378$18,133
3 years$13,060$12,690$12,333$11,990$11,660$11,420
4 years$9,697$9,328$8,976$8,638$8,316$8,084
5 years$7,680$7,313$6,965$6,635$6,322$6,097
6 years$6,336$5,972$5,629$5,306$5,002$4,786
7 years$5,376$5,015$4,678$4,363$4,068$3,860
8 years$4,657$4,299$3,967$3,660$3,375$3,175
9 years$4,097$3,743$3,417$3,117$2,842$2,651
10 years$3,650$3,299$2,979$2,687$2,422$2,239
11 years$3,285$2,937$2,623$2,339$2,083$1,908
12 years$2,980$2,636$2,328$2,051$1,805$1,638
13 years$2,723$2,382$2,079$1,811$1,574$1,415
14 years$2,502$2,166$1,868$1,608$1,380$1,228
15 years$2,311$1,978$1,687$1,434$1,215$1,071
16 years$2,144$1,815$1,529$1,284$1,074$937
17 years$1,997$1,672$1,392$1,153$952$822
18 years$1,867$1,545$1,270$1,039$846$724
19 years$1,750$1,432$1,163$939$754$638
20 years$1,645$1,330$1,067$851$674$564
21 years$1,550$1,239$982$772$603$499
22 years$1,464$1,157$905$702$541$443
23 years$1,386$1,082$835$639$485$393
24 years$1,314$1,014$773$583$436$349
25 years$1,248$951$716$532$392$311
26 years$1,187$894$664$487$353$277
27 years$1,131$841$616$446$319$246
28 years$1,079$793$573$408$288$220
29 years$1,030$748$533$374$260$196
30 years$985$706$497$344$235$175
31 years$943$668$463$316$212$156
32 years$904$632$432$290$192$140
33 years$867$598$403$267$174$125
34 years$832$567$377$245$157$112
35 years$799$538$352$226$142$100
36 years$769$510$330$208$129$89
37 years$740$485$309$192$117$80
38 years$712$461$289$177$106$72
39 years$686$438$271$163$96$64
40 years$662$417$254$150$87$57
41 years$638$397$238$139$79$51
42 years$616$378$223$128$72$46
43 years$595$360$209$118$65$41
44 years$575$343$197$109$59$37
45 years$556$327$185$101$54$33
46 years$538$312$173$93$49$30
47 years$520$298$163$86$44$27
48 years$504$284$153$79$40$24
49 years$488$272$144$73$37$21
50 years$473$259$135$68$33$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $484,000, adding $2,082 every year, while hoping to spend $29,795 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/14/30 Blend
58$484,000$484,000$484,000$484,000
59$535,516$509,864$502,362$560,954
60$558,437$503,145$487,489$572,007
61$582,697$495,099$471,120$580,796
62$608,402$485,629$453,172$589,779
63$635,666$474,632$433,560$598,988
64$664,615$462,000$412,196$608,455
65$695,386$447,619$388,985$618,219
66$728,130$431,366$363,831$628,327
67$763,011$413,115$336,631$638,828
68$800,210$392,729$307,279$649,781
69$839,922$370,064$275,664$661,252
70$882,365$344,968$241,670$673,317
71$927,776$317,281$205,175$686,061
72$976,414$286,832$166,053$699,579
73$1,028,564$253,443$124,172$713,980
74$1,084,539$216,923$79,393$729,387
75$1,144,682$177,072$31,573$745,937
76$1,209,369$133,679$0$763,785
77$1,279,014$86,519$0$789,335
78$1,354,071$35,356$0$827,741
79$1,435,039$0$0$869,158
80$1,522,466$0$0$916,974
81$1,616,953$0$0$974,573
82$1,719,162$0$0$1,036,915
83$1,829,821$0$0$1,104,448
84$1,949,729$0$0$1,177,666
85$2,079,766$0$0$1,257,109
86$2,220,898$0$0$1,343,375
87$2,374,189$0$0$1,437,117
88$2,540,809$0$0$1,539,059
89$2,722,044$0$0$1,649,991
90$2,919,311$0$0$1,770,789
91$3,134,167$0$0$1,902,411
92$3,368,326$0$0$2,045,915
93$3,623,675$0$0$2,202,465
94$3,902,291$0$0$2,373,340
95$4,206,460$0$0$2,559,951
96$4,538,697$0$0$2,763,849
97$4,901,772$0$0$2,986,742
98$5,298,735$0$0$3,230,512
99$5,732,942$0$0$3,497,228
100$6,208,092$0$0$3,789,170